Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Sees Large Drop in Short Interest

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,241 shares, a drop of 49.9% from the May 31st total of 2,476 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,078 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at about $47,000. XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing during the fourth quarter worth about $51,000. Dimensional Fund Advisors LP raised its position in Art’s-Way Manufacturing by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 3,899 shares in the last quarter. Citadel Advisors LLC purchased a new position in Art’s-Way Manufacturing during the third quarter valued at approximately $108,000. Finally, DRW Securities LLC purchased a new position in Art’s-Way Manufacturing during the fourth quarter valued at approximately $150,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Stock Performance

NASDAQ:ARTW traded up $0.07 during midday trading on Tuesday, hitting $2.69. The company’s stock had a trading volume of 10,196 shares, compared to its average volume of 16,013. Art’s-Way Manufacturing has a fifty-two week low of $1.95 and a fifty-two week high of $4.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58. The firm has a market cap of $13.91 million, a P/E ratio of 10.74 and a beta of 0.96. The firm’s 50 day moving average is $2.67 and its 200-day moving average is $2.45.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 EPS for the quarter. The business had revenue of $6.64 million during the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.